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Why Serviced Office Space is Outpacing Conventional Office Rentals in Sandton

January 2015 – Flexible, fully-furnished and serviced office space is rapidly gaining momentum in the prestigious business district of Sandton due to the low risk options that it offers. The Business Exchange is emerging as a major player in this market and offers both local and international companies flexible and “ready-to-go” office solutions at reasonable rates.

The Business Exchange ensures that its tenants are immediately operational by providing them with all the necessary office facilities, including; a furnished private office, IT infrastructure and voice connectivity as well as a professional reception service and welcome lounge, meeting rooms, a cafe and even an events space to hold launches, seminars and the like.

David Seinker, CEO of The Business Exchange says, “This growing trend of leasing fully-furnished and serviced offices makes sense in an economy where businesses are constantly streamlining their operational costs.” The Business Exchange is able to offer its tenants unbeatable value for money for office solutions right in the heart of the Sandton CBD.

Counting the Cost

Seinker points out that it currently costs in the region of R15, 000 to rent 100 square meters of office space in the centre of Sandton, which would most likely include an open plan area of around 50 square meters, a small reception area and possibly one meeting room of 20 square meters. Landlords generally require a 2 to 3 year lease and this rental excludes the costs of; a receptionist, water, electricity, rates and cleaning as well as repairs and maintenance, all of which can easily add up to an additional R10,000.

Seinker says, “Over and above this, the set-up costs for office furniture and IT infrastructure, including voice and printer solutions, is a significant outlay for SME’s.”

Flexible Serviced Office Lease Options

The alternative becomes more attractive when looking at renting serviced offices at The Business Exchange on a flexible lease. “We don’t tie our tenants into long lease agreements,” says Seinker. “Our lease periods start from 3 months and our residents have access to 500 square meters of contemporary-built office space in the centre of the Sandton financial hub.”

There are no substantial setup costs as the infrastructure is already in place and running costs are significantly reduced with rental packages starting from R11, 000, offering residents the prestige and facilities needed to operate and grow their business.

All tenants benefit from the following range of facilities and services which are available at The Business Exchange:

  • Private fully-furnished back-offices.
  • A professionally-trained receptionist to personally welcome guests.
  • Use of the reception lounge for guests, including refreshments on arrival.
  • Well-designed and fully-equipped private meeting rooms.
  • Cafe and bar.
  • Events space for launches, seminars, etc.
  • High-speed fibre connectivity.
  • Voice solutions including telephone lines and handsets.
  • Centralised document stations for all print and copy needs.
  • Generator backup power.
  • Gautrain bus stop.

Virtual Office Lease Option

For small companies requiring mobility, yet at the same time a prestigious address and a professional telephone answering service, without a dedicated office, The Business Exchange has a Virtual Office package for an affordable R1, 000 per month. This package includes two hours of meeting room space per month in one of the spacious, modern and fully-equipped boardrooms, as well as a personalised telephone number for your company which is answered in your company name.

Unique Networking and Marketing Opportunities

Over and above the above office facilities, The Business Exchange also provides its tenants with a unique opportunity to meet and network with like-minded professionals through a variety of channels. To this end, The Business Exchange provides its residents with online marketing channels and access to investors and influential industry figures.

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